A money market fund typically offers a better interest rate compared to standard interest-paying savings and checking accounts. But money market accounts usually come with terms different from a savings account, such as a specific balance minimum and a limit on account withdrawals. Learn more about money market accounts or compare the going rates at these sites:
Bankrate (bankrate.com/brm/rate/mmmf_home.asp): Features money market average rates and news.
Financial Web (finweb.com/banking-credit/general-banking-credit/bank-money-market-account-vs-savings-account.html): Compares the differences between a bank money market account and savings account.
Investopedia (investopedia.com/articles/mutualfund/07/money_market_savings.asp): Discusses differences between a money market account and savings account, including fee, security and tax considerations.
Money Rates (money-rates.com/advancedstrategies/moneymarket/start_your_savings_program_with_a_money_market_account.htm): Details the advantages of saving through a money market account.
Simple Debt Free Living (simpledebtfreeliving.com/moneymarketaccount.html): Offers good, brief overview of how money market accounts work.